Canadians are suddenly big savers while Americans are spending like drunken sailors on pay day. On the surface, that sounds like good news for Canada but it’s traditionally a sign of growing consumer hesitance, slowing the economy. At the same time, the resilient American consumer is leaning into further consumption, pushing their economy to defy […]
Canadians have an epic pile of savings accumulating, but it’s not as big as most economists think. Oxford Economics‘ Tony Stillo took a deep dive into the household savings rate this week. The firm found the gross numbers exaggerate the total that can actually be used. Further, wealthier households represent more than half of the […]
Canadian households have been saving at one of the highest rates ever recorded. They saved an extra $167 billion last year, and everyone thinks it’s going to be spent in their industry. Statistics Canada (Stat Can) data shows this might sound a lot larger than it actually is when broken down. It’s definitely going to […]
